Velox Shipping and Logistics has signed an agreement for investment in International Logistics Associates LLC (hereinafter referred to as ILA) for purchase of 98% stake therein following the completion of the procedural requirements. The object of acquisition is to expand and establish its business operations in international markets. Cost of acquisition is $4,47,860. The said acquisition is expected to be completed on or before December, 2026.
Velox Shipping and Logistics (Formerly Velox Industries) trades, merchants, imports, exports, buys and sells all kinds of materials and commodities including machinery, equipment, textiles, leather goods, vanaspati, and chemicals.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.74 |
| TVS Supply Chain Sol | 115.80 |
| Container Corp | 524.55 |
| Delhivery | 471.10 |
| Mahindra Logistics | 398.00 |
| View more.. | |
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